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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

To ask what the going rate is for a 7 year olds pocket money?

43 replies

Callistone · 08/06/2019 19:58

We've been doing £1 a week but that doesn't seem quite right now, she can barely get a magazine s month and it's not enough to teach her to save. What's the going rate nowadays?

OP posts:

bwydda · 08/06/2019 20:49

£1 guaranteed as long as no terrible behaviour. Another £1.50 earned through chores.

absolutelyknackeredcow · 08/06/2019 20:53

Can't take any credit for it - my friends DH is a social worker for vulnerable children and had been using it for their son.
They also both get a magazine on a monthly subscription - it's an educational one and worth it

absolutelyknackeredcow · 08/06/2019 20:55

'Pasta Pays'

Redhanger · 08/06/2019 20:56

For those with children who like magazines ... Santa brought my two a magazine each in their stocking and keeps sending them one once a month now. Isn’t he lovely

elQuintoConyo · 08/06/2019 20:59

7yo gets €7 a month. He can buy whatever he likes. He's been saving up to go to the Lego festival on tomorrow near us, and get some Ghostbusters stuff.

He rarely has a magazine (one when he came back from his first school residencial trip, one at the end of term, one in Christmas stocking, etc.) certainly not weekly or monthly, they cost a fortune!

We buy him anything he needs and he doesn't get paid for chores.

Friolero · 08/06/2019 20:59

Mine get 20p per year of their age, so e.g. 6 year old gets £1.20 a week and 9 year old gets £1.80 a week.

Michaelbaubles · 08/06/2019 21:01

£2 and he gets a magazine on subscription which costs £9.99 a month, so he doesn’t buy any comics etc. It mostly goes on sweets or stupid toys I won’t buy like slime. 5 year old sister gets the same.

peanutbutterismydownfall · 08/06/2019 21:01

We have a 7yo and 9yo and just don't bother with pocket money. We have tried a couple of times but they just seemed to see it as an excuse to buy sweets & tat.
They get given some spending money if we are going away on holiday & probably get about £25 in cash each birthday & Christmas so have easy access to money if they need it. We tried doing something similar to Absolutely's system (but used marbles rather than pasta) but DC2 is, by nature, more explosive than DC1 so it was inherently unfair as it was much easier for DC2 to lose marbles than it was for DC1 and the. DC2 would get anxious and upset which means his behaviour deteriorates so we actually made life worse rather than better!
DS is currently getting some Match Attax each week which is linked to doing his reading and maths for a certain number of days/amount of time each week.
Other than that, they get First News each week & one of the football magazines a couple of times a month but the magazine is as much to encourage DC2 to read for himself than a treat. They sometimes get an ice cream when we're out but usually we have one from the freezer when we get home and, if they ask more than once for one when they're out, I remind them that they can use their own money at which point they usually change their mind.
Because they do have their own money and opportunities to use it (or to choose not to), they do still have an understanding of money. We're off to visit relatives in a seaside town at the end of the month and earnest discussions have already started about whether it's worth going on the pedalos or the bungee trampoline thing.

Pringlefan · 08/06/2019 21:02

When I was a child I didn’t get paid for chores in the house, but I got paid for litter picking! 1p per piece in the garden in an urban area so a lot got tossed/blown in and I used to get 50p most weeks, late 80s that was decent! Could up the rate these days of course.

stargirl1701 · 08/06/2019 21:02

DD1, who is 6, gets £5 a week. She saves 10% - 50p, pays for Rainbows £2, buys something at school tuck 50p which leaves £2 to spend. She finds it very hard to spend her £2!

Notevenathing · 08/06/2019 21:03

I give mine half their age once they start school, eg 10yo gets £5 a week

mashpot · 08/06/2019 21:13

Love the pasta - I’m starting that tomorrow

Proseccoinamug · 08/06/2019 21:20

£3 a week but I don’t give any extras for school fair, souvenir shops etc.

Original poster

Callistone · 08/06/2019 22:23

Now tuck shop, that's interesting, DD has a tuck shop at her drama class - we could up her money but it's her choice whether to spend it in sweets all the time.

OP posts:

redcaryellowcar · 08/06/2019 23:04

We started a few months ago with £10 a month, which was chore free but designed to stop the constant requests for something, anything when at shops. If they have money they can spend it on whatever they like, but have to have it with them, no loans or advances etc. We also give them extra free school fete etc, so again they can choose to hook a duck 10 times if they wish, or have an ice cream and hook less ducks!?

BummyKnocker · 08/06/2019 23:08

What about £3 a week, £1 to spend (if wanted(, £1 to save, £1 to donate?

BooseysMom · 09/06/2019 19:36

DD1, who is 6, gets £5 a week

That seems a lot for a 6 yo but then when I add up the things I end up buying for DS, his £1 per week pocket money easily becomes about £3 or £4 of my money on top of his quid! When you consider the cost of mags and toys, a quid doesn't get you much these days

Original poster

Callistone · 09/06/2019 20:12

We decided on £2.50 a week, with her now paying for her tuck shop sweets and slightly more of other stuff she wants to get, stuff we might normally pay for

OP posts:

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